Jeremy Kauffman, LBRY’s founder has previously said this case could impact the wider crypto industry as the company maintained that LBC was not a security. Ripple Labs has a similar defense as it faces SEC charges for the sale of $1.3 billion in XRP tokens. Source 111K22MCryptoFineFirmLawLBRYSECSecuritiesSlashViolating CryptoX Portal
The United States securities regulator is seeking to revise its $22 million punishment against decentralized content platform LBRY, acknowledging it is unlikely to be able to cough up the funds to be able to pay it. In a May 12 filing in a New Hampshire District Court, the Securities and Exchange Commission (SEC) sought an amendment to its request for remedies in its successful case against LBRY. Instead of seeking the original $22 million — the amount it claims LBRY gained from the sale of its token LBRY Credits (LBC),…
In May 2019, a non-fungible token representing the first digital F1 car minted for the blockchain game F1 Delta Time was sold for a record breaking $110,000. The winner of the auction has just come forward, revealing why he brought the elusive NFT. The 1-1-1 Formula 1 car was the most expensive NFT sold in 2019, designed for the officially licensed game. The one of a kind racer was produced in official partnership with Formula 1 and marked a digital milestone. Up until now, the buyer has remained anonymous. Details…
Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $10,834-$11,111 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Oct. 7.Source: TradingView Bitcoin’s price is making gains Friday, rising as high as $11,111 on spot exchanges such as Coinbase before settling to $10,050 as of press time. David Lifchitz, chief investment…
Bitcoin took a dive Wednesday. Ethereum miners are benefiting from all that DeFi. Bitcoin (BTC) trading around $11,396 as of 20:00 UTC (4 p.m. ET). Slipping 4.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,159-$12,058 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since August 31.Source: TradingView Read More: Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance Bitcoin dropped to as low as $11,159 on spot exchanges like Coinbase Wednesday. The fall was exacerbated by…
Bitcoin (BTC) fell 5% to retest $11,000 on Sept. 2 as fresh strength in the U.S. dollar currency index appeared to spell trouble. Cryptocurrency market daily snapshot, Sept. 2. Source: Coin360 BTC/USD sees sharp $12,000 rejection Data from Coin360 and Cointelegraph Markets showed BTC/USD shedding $850 in under 24 hours on Wednesday. The move follows Bitcoin’s latest brief trip above $12,000 resistance, a level which has so far failed to hold despite multiple attempts this year. BTC/USD 1-day price chart. Source: Coin360 Analyst warns of “short-term bounce” Coupled with the…
Bitcoin is looking bearish while Ethereum miners are reaping more fee revenue than ever before. Bitcoin (BTC) trading around $11,298 as of 20:00 UTC (4 p.m. ET). Slipping 3.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,786. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Aug. 23.Source: TradingView Read More: ‘Bitcoin Rich List’ Reaches All-Time High Bitcoin’s price declined to as low as $11,102 on spot exchanges such as Coinbase Tuesday, wiping out long derivatives traders on BitMEX.…